we used to call it going down the slippery slope and that's what would happen. so what you have here is a process that went on for the real price change from the 290 through 2006, 2007, depending which index you look at, you have nine or 10 years of unprecedented growth. alaska but here's was that for us, but she had not meant a mount, a bubble of immense size before that. when a mentally undercapitalized is one of the big risks in at the same time their capital was weak capital. they counted a lot of tax credit, so i think they were doomed to matter what because they were basically floating on a thin layer of capital and that had been the case. they negotiated that case in 1882. >> there was one more other big lender and that was the chinese and other foreign official bodies or by fannie and freddie obligations, which money was going to feed the bubble. but they were buying it rightly assuming that the government would take care of them, even though they had virtually participated in running the risk. the risk would find somebody else is there interesting memoi